Welcome to our dedicated page for Kaiser Aluminum news (Ticker: KALU), a resource for investors and traders seeking the latest updates and insights on Kaiser Aluminum stock.
Kaiser Aluminum Corporation (KALU) delivers engineered aluminum solutions for critical aerospace, automotive, and industrial applications. This news hub provides investors and industry professionals with comprehensive access to official company announcements and market-relevant coverage.
Track all essential updates including quarterly earnings disclosures, manufacturing innovations, strategic partnerships, and operational developments. Our curated collection ensures timely access to press releases detailing product advancements, facility expansions, and leadership changes impacting KALU's market position.
Key focus areas include aerospace material breakthroughs, automotive extrusion technologies, and sustainability initiatives within specialty aluminum production. Bookmark this page for efficient monitoring of KALU's progress in advancing high-performance aluminum applications across core industries.
Kaiser Aluminum Corporation (NASDAQ:KALU) reported its first quarter 2023 results, achieving net sales of $808 million, a decrease from $949 million in the prior year period. The net income was $16 million, or $0.99 per diluted share, compared to $8 million or $0.51 in the same quarter last year. Conversion revenue rose to $369 million, a 4% increase, largely driven by a 39% increase in aerospace/high strength applications. The company reported strong liquidity at $546 million, supported by cash reserves of $32 million and $514 million available from its revolving credit facility. Looking ahead, Kaiser expects continued demand growth in commercial aerospace but anticipates challenges in packaging due to destocking. The company aims for capital investments between $170 million to $190 million in 2023.
Kaiser Aluminum Corporation (NASDAQ:KALU) has declared a quarterly cash dividend of $0.77 per share, payable on May 15, 2023, to shareholders on record as of April 25, 2023. This decision reflects the company's commitment to returning value to shareholders amidst its operations in producing specialty aluminum products across various sectors including aerospace, automotive, and packaging. The corporation's North American facilities deliver a diverse range of aluminum products while adhering to high standards of quality and service.
Since its founding in 1946, Kaiser Aluminum has evolved to maintain its presence in stock indices like the Russell 2000® and the S&P Small Cap 600®. The announcement underscores the company’s financial health and intention to sustain shareholder returns.
Kaiser Aluminum Corporation (NASDAQ: KALU), a top producer of semi-fabricated specialty aluminum products, will release its Q1 2023 financial results on April 26, 2023, after market hours. A conference call to discuss these results is scheduled for April 27, 2023, at 9:00 a.m. Central Time. Investors can access the call at 1 (877) 423-9813 in the U.S. and Canada, or 1 (201) 689-8573 internationally, using conference ID 13737400. A live webcast will be available on the company's investor website, along with an audio archive post-call. Kaiser Aluminum, founded in 1946 and based in Franklin, Tennessee, provides engineered solutions for various sectors, including aerospace and automotive. The company is part of the Russell 2000 and S&P Small Cap 600 indices.
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